World Islamic infrastructure finance conference winds up

World Islamic infrastructure finance conference winds up

Doha, 6 November The second annual World Islamic Infrastructure Finance conference wound up in Doha after two days of deliberations and intense working sessions with focus on the role of Islamic banks and institutions for financing the infrastructure projects.

The conferees called upon the Islamic banks to innovate purely Islamic financing products and concepts to meet demands of the customers and agents in contrary to the traditional banks and make available short and long term financial objectives of islamic financing to finance the infrastructure projects.

They also called for standardizing the Islamic banking industry in all muslim countries and go ahead with such an industry as per Islamic Sharia rules.

H E Yusuf Hussein Kamal, the minister of finance and acting minister of economy and commerce, opened the two-day conference yesterday under the logo, innovations in islamic project finance and the next wave of mega deals.

The conference which concluded last evening brought together over 200 senior executives representing in iternational banking, finance, investment and key infrastructure sectors.